In this role, you will provide full economic and analytical support and drive the profitable growth of the Personal Umbrella line. You will work closely with a wide range of stakeholders throughout the organization and provide holistic analysis-based guidance on profitability. The key responsibilities of this role are to perform Actuarial rate indications of the personal umbrella product, provide external actuarial support to Departments of Insurance, construct rate strategies, evaluate and monitor product performance, and provide other analytical services with actuarial and line-of-business expertise. As a member of the Specialty Economics organization, you will also work with a group of talented analysts on impactful crossline initiatives and develop subject matter expertise.
Responsibilities:
- Produce Actuarial rate level indications for the personal umbrella insurance product.
- Research and identify drivers of performance and trends and develop actionable rate and non-rate recommendations to drive profit improvement and profitable growth.
- Develop line-of-business expertise for the personal umbrella product and deliver robust profitability views that reflect the latest opinions on experience, trends, and initiatives.
- Provides Actuarial support required for rate filings.
- Effectively communicate project/analysis findings and recommendations to team members and stakeholders throughout the organization.
- Build effective stakeholder relationships and influence decisions and actions on recommended product strategies.
- Lead and support crossline initiatives and other ad hoc projects as necessary.
- Proactively identify and act on method and process improvement opportunities.
- Practice and promote analytical, documentation, and other Actuarial best practices.
- ACAS required with a preference for candidates with strong understanding of Exam 8 materials.
Qualifications
- Bachelor’s degree required; Master’s degree preferred.
- Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) or in Society of Actuaries (ASA/FSA) designation preferred or comparable education/designation with relevant experience.
- Minimum 5-7 years relevant experience required.
- Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
- Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization.
- Ability to motivate and mentor peers and motivate and train subordinates.
- Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models.
Working at
Liberty Mutual
Liberty Mutual is a leading insurance company in the United States that offers a wide range of insurance products, including home, auto, and business insurance. The company was founded in 1912 and has grown to become one of the largest and most respected insurance providers in the country. Liberty Mutual is known for its commitment to customer service and for providing high-quality coverage options to its policyholders. In addition to traditional insurance products, the company also offers a range of specialty coverage options and risk management solutions to meet the diverse needs of its customers. Liberty Mutual has a strong presence in the United States and has offices and operations in several other countries around the world.